Fig. 1. Examples of trades on the chart

Exp_CandleStop_System_Tm_Plus – EA MetaTrader 5

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The trading system based on CandleStop_System indicator signals with the possibility to set a fixed position holding time. The signal is formed when a bar is closing if there is a channel breakthrough. Once position holding time exceeds a preset fixed limit, the position will be closed immediately:

input bool   TimeTrade=true;      //Enabling position exit by time
input uint   nTime=1920;           //Open position holding time in minutes

This Expert Advisor uses the compiled indicator file CandleStop_System.ex5 for operation. Place it to <terminal_data_folder>\MQL5\Indicators.

Default Expert Advisor’s input parameters have been used during tests shown below.

Fig. 1. Examples of trades on the chart

Fig. 1. Examples of trades on the chart

Testing results for 2017 on EURJPY H8:

Alternative:  RTL - indicator MetaTrader 5

Fig. 2. Testing results chart

Fig. 2. Testing results chart


Exp_CandleStop_System_Tm_Plus – expert for MetaTrader 5
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